Most families need to stick to a budget when they travel. But tracking daily expenses, especially in a foreign currency, can be tricky. Here are some easy tips to make it easy to keep track of how much you're spending.
Before you leave:
- Create an email folder for your trip. Each time you make a booking, place the itinerary confirmation and receipt into the folder. You can use the folder to help you build your final itinerary before you leave, too.
- Set a daily budget that includes lodging, food, transportation, and entertainment. During the trip you can track your spending against this goal.
- Find out how much it costs to get money, and know which source is the cheapest. For example, what fees does your bank charge for using an international ATM and withdrawing foreign currency? What about your credit card? What is the exchange rate? If you expect to travel a lot, you might consider opening a Capitol One credit card with no international transaction fees.
On your trip:<